Join the Allied Scout Program
We are excited to announce the launch of our all-new Venture Scout Program for entrepreneurs & investors.
How it works:
Find a great founder or company raising their Seed or Series A.
Make an introduction using the Startup Referral Form.
If we invest, you’ll receive 20% of our carry on the first investment in exchange for your assistance & expertise in identifying, assessing, and negotiating the investment.
For example, our typical carry per investment is 20%. So, if we invest $100k into a company you help us identify, you’ll receive 20% of our carry in exchange for your assistance as if you made a $4,000 investment into the company yourself.
As well, if you also choose to invest in the company, you’ll pay zero carry on your personal investment. Double win!
Unlocking a new way to invest in startups
Historically, the only way to participate in the economic upside of a startup is to 1) invest as an accredited investor or 2) become an employee. This limited the playing field to only a select few.
One of our founding principles at AlliedVP is to democratize access to early-stage VC and make angel investing more accessible to a greater number of people.
With the launch of our Scout Program, you’ll not only get to participate in the value creation of great companies you help to identify but you’ll also be given the unique opportunity to craft your own VC apprenticeship, honing your ability to identify attractive investment opportunities through analysis & feedback.
Our Investment Criteria
Industries: We are software/technology focused and industry-agnostic (but avoid Bio/Med/Health, Climate, Cannabis, Govtech, and pure hardware).
Verticals: Our preferred domains include B2B enterprise SaaS, marketplaces, platforms, fintech, blockchain, AI/ML, payments, logistics, analytics, and security, as well as certain B2C consumer software applications, including e-commerce, gaming, and subscriptions.
Stage, Traction & Check Size: Our stage focus is Seed to Series A, post-revenue, post-product, with a maximum post-money valuation of $25M USD. Our typical check size is $100k-$350k USD.
Round Dynamics: We do not currently lead rounds but prefer to participate alongside a notable angel or VC who is leading and has set the terms. We will invest as a SAFE note, Convertible Note, or Preferred shares (but not Common shares), and we require pro-rata if it’s our first time investing in the company.
Geography: Our geographical focus includes companies based and registered in North America (Canada and the USA), with a preference for Delaware C Corps.
For additional clarification regarding our investment thesis and areas of focus, please visit allied.vc/thesis
Ready to get started?
Bookmark this URL (or click the button below) and let us know each time you come across a great company you think we should meet.
FAQ
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click here to learn more
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See preview agreement.
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No, you’ll only need to sign a carried interest transfer agreement once we finalize an investment into a company that you referred.
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Yes, as long as you provide substantial assistance in identifying, assessing, and negotiating the investment. To the extent you do so, you can be accredited by virtue of conducting those activities for the fund.
This typically includes activities such as assisting in the understanding of a potential portfolio company's business model, assessing the share price, understanding and negotiating the terms of the investment, monitoring the investment after it is made, and performing the same functions for any subsequent investments made by the fund.
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Our investment process typically takes four weeks or less, from the first founder meeting to the final wire and investment close.
After an introductory call with the founder, we'll run through our due diligence process, which can typically be completed in less than a week if the founder is responsive and has a data room prepared.
Following diligence, if a startup fits our investment criteria and we feel it would be a good opportunity for our group, we'll prepare an investment memo to share with our investor network.
Investors then have approximately two weeks to decide, after which we can close, sign, and wire the investment within three business days.
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The easy way is to send us an email via our contact page. Simply ask if we’ve already seen company XYZ and we’ll get back to you ASAP.
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Prior to sharing any company information, we encourage you first to ask founders if it's OK to share the opportunity with your network of potential VCs. Let them know that you’re a scout and would like to float the idea past certain members of your network.
Most founders will not have a problem with this, and if they've already pitched in a public setting, their information is public.
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No. We like to start conversations with prospective companies before they have a lead investor, and we may even be able to help them find one, so please introduce us!
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Open the referral form to gain a better idea of the types of items we’re looking for. We don’t ask for rigorous, in-depth analysis (although you can provide it if you’d like). Simply provide some high-level details about the company and why you like them.
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In addition to receiving shared carry on each successful referral, you may also choose to invest in the company via our SPV (special purpose vehicle). If you decide to invest, you'll pay 0% carry on your personal investment.
US citizens can also invest via their IRA, enabling significant tax advantages.
Note: Although you do not need to qualify as an accredited investor to be a scout, the accredited investor rule applies if you wish to invest.